Calling all investors and people with vision, this unique property has many uses and potential. Located on the SW side of Oelwein in a residential neighborhood it is currently being used as a small church. There are two buildings included and 2 city lots. The larger building is over 1,300 sqft with a full walkout finished basement. It has 2 half bathrooms. There is a kitchen in the basement. With a little remodeling, this could make a great home, Air BnB, rental unit or keep it commercial as a church, office, salon, photography studio or community event center. With a ramp and parking, it is set up to cater to many businesses. This property also includes an additional 850 sqft building that has a 1/2 bathroom and 2 larger rooms. You could have 2 rentals on one property or 2 Air BnBs... maybe live in one and rent out the second unit to make your payment. Again, endless possibilities. This is being sold by the Church and will be sold in its "as is" condition. However there are no known major issues.
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Location
723 SW 1st Street, Oelwein, IA 50662
Status
Sold
Date Sold
April 8, 2025
Property Amenities
Interior
FireplaceNone
AppliancesCooktop, Free-Standing Range, Sump Pump, Refrigerator, Gas Water Heater